With the large expectation the public has for ETH right now. A lot of sources say this ETH is ready to break out, and the market conditions have been ripe for it. And it has not. I don't think it will. Just another "fake out" here. Good luck out there. Its just my .02 cents on this one. ETH expectation is to much, its to popular of a trade right now.THis alone is reason enough to satay away. Look somewhere else. xxwhitevaderxx approved.
The indicators are somewhat bullish, even though there are more actions with BTC & BCH. I've been following & shorting ETH (at a loss due to poor timing). I think if it breaks the previous high, it could go maybe to $410 (that is a gain that equals the range from $280 to $345). On the other hand, if in another day it still cannot break this zone, it could retest the support of $280.
Now, I have a post that uses Elliott Wave analysis, and I guess we may be entering the C wave here. However, this is not a traditional market and things change extremely quickly. I have little confidence in my analysis. It is for this reason that I have decided never to short these coins again --- after all, there is a strong bullish bias in this market (new money pouring in every isngle day).